shorting big time

The following is a list of KRM short selling from 6th May 2011 to 6th June 2011 as a % of daily turnover:-(Source ASIC)

6-06-11.....30%
2-06-11.....35%
1-06-11.....34%

31-05-11....31%
30-05-11....24%
27-05-11....20%
25-05011....38%
24-05-11....38%
23-05-11....31%
20-05-11....31%
19-05-11....26%
18-05-11....23%
17-05-11....20%
16-05011....24%
13-05-11....20%
12-05-11....18%
11-05-11....NIL
10-05-11....16%
9-05-11.....13%
6-05-11......7%


This has been serious shorting over this period and with
volume hitting up to 1 mil shares shorted on some days, the shorters had to be serious institutions or hedge funds.

Shorters are likely to lie low as we get closer to the end
of June & June Qtr report.

No wonder KRN hasn't been tracking the POG!

Retail KRN shareholders should be aware that with this level of sustained shorting, shorters shouldn't be permitted to panic LT holders into selling cheap. Once shorting finishes the SP is likely to spring back

Cheers
Moorookamick

PS: This is not investment advice & please do your own research & or consult a specialist before buying or selling.